Lockheed Martin Selected for Future Interceptor Program

11:31 AM EDT, 10/29/2026 (MT Newswires) -- Lockheed Martin (LMT) has been awarded an Other Transaction Agreement supporting development of the Future Interceptor program, the US Army Public Affairs said Thursday. The program is intended to strengthen the Integrated Air and Missile Defense portfolio against advanced air and missile threats, according to the release. The estimated project value is $1.08 billion, consisting of $660.4 million in government funding and a $423 million cost-sharing commitment from Lockheed Martin, it said. Shares were up almost 3% in Thursday trading. Price: 648.08, Change: +18.33, Percent Change: +2.91